Economic and Finance News
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Action likely against 'governments' holding blns in Personal Ledger Accounts
ISLAMABAD (October 23 2002) : The Auditor General of Pakistan (AGP) is likely to take action against federal and provincial…
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Pakistan banking sector tax rates amount to 75 to 80 percent: World Bank
ISLAMABAD (October 23 2002) : Unlike other sectors, Pakistan's banking sector was highly taxed where all the explicit and implicit…
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Central Board of Revenue to recover less paid Sales Tax from cement makers
ISLAMABAD (October 22 2002) : The Central Board of Revenue (CBR) has decided to recover sales tax to the tune…
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Rs 460 billion revenue target likely to be achieved: Revenue Board chief
LAHORE (October 22 2002) : Riaz Ahmed Malik, Chairman Central Board of Revenue (CBR), has said that revenue target of…
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Pak-Swiss agreement for avoidance of double taxation
ISLAMABAD, Oct 15: Pakistan and Switzerland, on Tuesday inked a convention for the avoidance of double taxation between the two…
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Depreciation deduction on used machinery import allowed
ISLAMABAD (October 15 2002) : The government has decided to allow the deduction of depreciation on second-hand plant and machinery…
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Shaukat Aziz may continue as finance minister
ISLAMABAD (October 15 2002) : As the tremors of election results jolt the power corridors, one decision seems to be…
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SBP issues Prudential Regulations for Microfinance Institutions
KARACHI, Oct 15: The State Bank of Pakistan Tuesday issued Prudential regulations for Micro-finance Institutions (MFI's) and Micro finance Banks…
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SEC promises absolving companies
ISLAMABAD, Oct 15: With a view to further streamlining the working of companies, the Securities and Exchange Commission. of Pakistan…
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State Bank of Pakistan keeps export finance rate unchanged for October
KARACHI (October 01 2002) : The State Bank of Pakistan has decided to keep the rate of refinance unchanged for…
